To clarify, regardless of age, if someone made over $21,240 in 2022, they are required to pay taxes on their SS benefits, correct?
What if they already paid through their job? Total income (job and SS) = $63K. They already paid $6366 in taxes ($3217 federal tax, $2552 social security tax, and $597 Medicare tax), but they still owe $2306.
Does this sound correct? Paying $8672 in taxes on an income of $63K for a 70 y/o filing as single?
